Graduated summa cum laude from the Wharton School of Business at the University of Pennsylvania with a degree in economics in 2004. Has an older brother, Donald Trump Jr. & younger brother, Eric Trump and two younger half-siblings; Tiffany Trump and Barron Trump.
Records for tax deductions taken. Length of time to keep, and why:Seven years. 1  The IRS has three years from your filing date to audit your return if it suspects good-faith errors.  The three-year deadline also applies if you discover a mistake in your return and decide to file an amended return to claim a refund.
Tax Records. 1  Tax Returns (Federal and State) â Keep copies of your tax returns and all supporting records until the time that the IRS can examine your return has expired. 2  Generally speaking, that falls between 3 and 7 years from the date you filed, depending on your return. We recommend you keep copies of the actual returns indefinitely, including copies of checks made out to the government (IRS or state). 2  Pay stubs-Keep until you get the year end summary. 3  Then keep the summary and shred the pay stubs.